From Barchart: 2025-02-26 01:55:25

The crypto market saw a sharp decline, with Bitcoin dropping over 7% to $87,608, its lowest in three months. This led to a sell-off in crypto-related stocks, with major players like MicroStrategy, Coinbase, Riot Platforms, and Applied Digital Corp. all experiencing significant declines.

Other major cryptocurrencies also took a hit, with Ethereum falling 8%, XRP plunging 9% to $2.22, and Solana dropping 6%. The overall market sentiment was negative, leading to broad-based declines across the crypto sector.

The sell-off in the crypto market was driven by risk-off sentiment in traditional markets, with the Nasdaq Composite falling 1.3% and a stronger Japanese yen raising expectations of a BOJ rate hike. Macroeconomic and geopolitical uncertainty also played a role in the market downturn.

Looking ahead, key watch points include BOJ policy updates, U.S. equity market trends, and regulatory developments. Further rate hike expectations and tech stock weakness could lead to more volatility in the crypto market, while institutional flows from crypto ETFs may help stabilize prices in the medium term.



Read more at Barchart:: Bitcoin Sell-Off Triggers Crypto Stock Slump Amid …